6. Carl paid the following taxes in 2015: $3,600 in state income taxes withheld from his paycheck, a $250 balance due on his 2014 state income tax return, $350 in self-employment tax, $1,500 in property taxes on his home, and $2,000 special assessment collected by the city for sidewalks on his street. His deductible taxes on Schedule A will be

a. $3,500.

b. $2,100.

c. $5,700

d. $5,350.

NEW

7. Michelle has the following miscellaneous itemized deductions: professional publications related to her job - $240, professional licenses and professional association dues $560, commuting expenses - $1020, and tax preparation - $200. If her AGI is $35,000, her deduction for job related and miscellaneous expenses on Schedule A will be

a. $2,020.

b. $1,320.

c. $300.

d. $800.

Criterion 5

NEW

1. Which of the following assets is not subject to deprecation?

a. Warehouse

b. Printing press

c. Mineral deposit

d. Office furniture